FORMATHE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FORMATHE
Largest movements
- Receivables within one year +€144,153
up €144,153 (+86.0%), from €167,627 to €311,779
- Accrued charges and deferred income +€70,296
up €70,296 (+781%), from €9,000 to €79,296
- Short-term financial debts +€70,000
up €70,000 (+140%), from €50,000 to €120,000
- Tax, wage and social debts +€10,424
up €10,424 (+14.6%), from €71,343 to €81,767
- Trade debts -€4,102
down €4,102 (-49.1%), from €8,359 to €4,257
- Gross operating margin +€38,771
up €38,771 (+7.3%), from €531,717 to €570,488
- Staff costs +€38,010
up €38,010 (+7.2%), from €530,478 to €568,488
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,795 | €337,093 | +€147,298 | +77.6% |
| Fixed assets | 21/28 | €18,003 | €18,003 | = | 0.0% |
| Financial fixed assets | 28 | €18,003 | €18,003 | = | 0.0% |
| Current assets | 29/58 | €171,792 | €319,090 | +€147,298 | +85.7% |
| Amounts receivable within one year | 40/41 | €167,627 | €311,779 | +€144,153 | +86.0% |
| Other amounts receivable | 41 | €167,627 | €311,779 | +€144,153 | +86.0% |
| Cash at bank and in hand | 54/58 | €4,165 | €7,311 | +€3,146 | +75.5% |
| Total equity and liabilities | 10/49 | €189,795 | €337,093 | +€147,298 | +77.6% |
| Equity | 10/15 | €51,093 | €51,773 | +€680 | +1.3% |
| Profit (loss) carried forward | 14 | €51,093 | €51,773 | +€680 | +1.3% |
| Amounts payable | 17/49 | €138,702 | €285,321 | +€146,618 | +106% |
| Amounts payable within one year | 42/48 | €129,702 | €206,025 | +€76,322 | +58.8% |
| Financial debts | 43 | €50,000 | €120,000 | +€70,000 | +140% |
| Credit institutions | 430/8 | €50,000 | €120,000 | +€70,000 | +140% |
| Trade debts | 44 | €8,359 | €4,257 | -€4,102 | -49.1% |
| Suppliers | 440/4 | €8,359 | €4,257 | -€4,102 | -49.1% |
| Taxes, remuneration and social security | 45 | €71,343 | €81,767 | +€10,424 | +14.6% |
| Remuneration and social security | 454/9 | €71,343 | €81,767 | +€10,424 | +14.6% |
| Accrued charges and deferred income | 492/3 | €9,000 | €79,296 | +€70,296 | +781% |
| Remuneration, social security and pensions | 62 | €530,478 | €568,488 | +€38,010 | +7.2% |
| Gross operating margin | 9900 | €531,717 | €570,488 | +€38,771 | +7.3% |
| Operating profit (loss) | 9901 | €1,239 | €2,000 | +€761 | +61.4% |
| Financial charges | 65/66B | €517 | €1,320 | +€803 | +155% |
| Recurring financial charges | 65 | €517 | €1,320 | +€803 | +155% |
| Profit (loss) for the period before taxes | 9903 | €722 | €680 | -€42 | -5.8% |
| Profit (loss) for the period | 9904 | €722 | €680 | -€42 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €722 | €680 | -€42 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.